RHET is a security token that derives its value from late-stage, secondary acquisition of securities of Robinhood Inc. It gains value from the price appreciation of Robinhood Inc shares.
The RHET Token is essentially:
A fractional ownership stake in a special purpose fund with ownership in Robinhood Inc
A blockchain based security token, issued within a regulatory compliant framework.
The shares are held by an SPV, managed by a Syndicate Manager
The first security token of its kind, once the minimum funding goal is reached a Swarm syndicate manager will form an entity using Swarm, acquire equity through established relationships with former employees and other equity holders, and convert committed funds into RHET equity tokens
Robinhood Financial LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc. Equities and options are offered to self-directed customers by Robinhood Financial.
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